FTSE 100 (UKX) Is in a Sideways Trend, Faces Rejection at Level 7079.87

FTSE 100 (UKX) Is in a Sideways Trend, Faces Rejection at Level 7079.87

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Ranging
UKX index has been in a sideways trend since May 7. Each time, the resistance at 7200 is tested the index will fall to the support above the 21-day SMA or 50-day SMA. Today, the market is rising to retest the overhead resistance at level 7200. UKX price has reached the high of level 7080. According to the daily stochastic, the market is reaching the overbought region.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX is at level 53 of the Relative Strength Index. The index is in the bullish trend zone and above the centerline 50. UKX is capable of rising on the upside. The 21-day and 50-day SMAs are sloping upward indicating the trend.


FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE is in an upward move. The index price has reached the overbought region of the market. Meanwhile, on July 21 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that UKX will rise to level 1.272 Fibonacci extension or level 7052.36.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
FTSE 100 is above the 80% range of the daily stochastic. Since July 23, the market has been trading in the overbought region. Sellers are likely to emerge who will push prices downward. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) has been in a range-bound move below 7200 overhead resistance. The index has risen to the overbought region of the market. UKX is facing rejection at level 7079.87 high. According to the Fibonacci tool, FTSE 100 will rise but reverse at level 1.272 Fibonacci extension or level 7079.87.



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FTSE 100 (UKX) Resumes Upward, Battles the Overhead Resistance at Level 7200

FTSE 100 (UKX) Resumes Upward, Battles the Overhead Resistance at Level 7200

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Bullish
UKX index is making an upward move. The index is rising to retest the overhead resistance at level 7200. If the bulls break the overhead resistance the upward move will resume. In the previous price action, the index has been in a sideways trend. Each time the overhead resistance is retested the market will fall to level 7000 and resume upward.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX is at level 46 of the Relative Strength Index. The index is in the bearish trend zone and below the centerline 50. The 21-day and 50-day SMAs are sloping upward indicating the trend. The price bars are below the moving averages which indicate a possible decline.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE is in an upward move. The price has broken above the moving averages which indicate a possible rise of the index. Meanwhile, on July 20 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that UKX will rise to level 2.618 Fibonacci extension or level 7112.71.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
FTSE 100 is above the 80% range of the daily stochastic. It indicates that the market is in bullish momentum. Also, the index has reached the overbought region of the market. Sellers are likely to emerge. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) is likely to resume an upward move. There is the possibility of a further upward move as price is in the bullish trend zone. According to the Fibonacci tool, FTSE 100 will rise to level 2.618 Fibonacci extension or level 7112.71.



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FTSE 100 (UKX) Is in a Sideways Trend as Bulls and Bears Reach Indecision

FTSE 100 (UKX) Is in a Sideways Trend as Bulls and Bears Reach Indecision

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Bullish
UKX index upward move has been facing rejection at level 7200. Since May 7, the resistance at level 7200 is yet to be broken. Meanwhile, on July 13 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that UKX is likely to rise but reverse at level 1.272 Fibonacci extension or level 7198.64.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX is at level 49 of the Relative Strength Index. The index has reached the midpoint of the market. It indicates that there is a balance between supply and demand. The 21-day and 50-day SMAs are sloping upward indicating the trend.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE is in a sideways move below level 7200. Meanwhile, on July 13 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that UKX will rise to level 1.618 Fibonacci extension or level 7254.05.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
FTSE 100 is below the 60% range of the daily stochastic. It indicates that the market is in bearish momentum. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) is still stuck at level 7200. Since May the index has been in a sideways move below the overhead resistance. According to the Fibonacci tool, FTSE 100 will rise to level 1.618 Fibonacci extension or level 7254.05.


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FTSE 100 (UKX) Is Stuck below Level 7200 as the Market Shows Stability of Price

FTSE 100 (UKX) Is Stuck below Level 7200 as the Market Shows Stability of Price

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Bullish
UKX index is in an upward move. Since May 7, buyers are yet to break above the level 7200 resistance. Meanwhile, on July 7 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that UKX is likely to rise to level 2.0 Fibonacci extension or level 7324.40.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX has risen to level 55 of the Relative Strength Index. It indicates that the market is in the uptrend zone and above the centerline 50. The 21-day and 50-day SMAs are sloping upward indicating the trend.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE is in an upward move. UKX is in a sideways trend below the resistance at 7200. On July 6 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that UKX will rise to level 2.0 Fibonacci extension or level 7326.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
FTSE 100 is above the 60% range of the daily stochastic. It indicates that the market is in bullish momentum. The 21-day and 50-day SMAs are sloping upward. UKX price is still in the bullish trend and capable of rising

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) is battling to break above the resistance at level 7200. Since May 10, the index has been in a range-bound move below the recent high. The Fibonacci tool has indicated an upward move of UKX. According to the Fibonacci tool, FTSE 100 will rise to 2.0 Fibonacci extension or level 7326.02



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FTSE 100 (UKX) Is in an Uptrend, Battles the Resistance at Level 7200

FTSE 100 (UKX) Is in an Uptrend, Battles the Resistance at Level 7200

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Bullish
UKX index is in an upward move. Presently, UKX is facing rejection at level 7200. On June 17, the index was repelled as the market declined to level 6990. The index is recovering as it resumed its upward move. Meanwhile, on June 25 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that UKX is likely to rise to level 2.0 Fibonacci extension or level 7317.42.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX has risen to level 46 of the Relative Strength Index. It indicates that the market is in the uptrend zone and above the centerline 50. The 21-day and 50-day SMAs are sloping upward indicating the trend.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE is in an upward move. On June 23 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that UKX will rise and reverse at level 1.272 Fibonacci extension or level 7160.80. From the price action, the market has reached a high of 7177.56.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
FTSE 100 is above the 25% range of the daily stochastic. It indicates that the market is in bullish momentum. The 21-day and 50-day SMAs are sloping upward. UKX price is above the moving averages which indicate a possible rise of the index.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) is rising after the recent breakdown. The index has resumed an upward move to revisit the previous highs. However, the market is likely to face resistance at level 7200. According to the Fibonacci tool, FTSE 100 will rise to 2.0 Fibonacci extension or level 7317.42.

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FTSE 100 (UKX) Is in a Brief Rally, May Face Rejection at level 7200

FTSE 100 (UKX) Is in a Brief Rally, May Face Rejection at level 7200

Resistance Level:7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Bullish
UKX index is in an upward move. The first uptrend was terminated at level 7200. This caused the index to fall the low of level 7008. FTSE 100 has recovered and it is resuming a fresh uptrend. The index price is breaking above the moving averages. A break above the moving averages will accelerate the index’s upward move.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX has risen to level 54 of the Relative Strength Index. It indicates that the market is in the uptrend zone and above the centerline 50. The 21-day and 50-day SMAs are sloping upward indicating the trend.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE is in an upward move. On June 23 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that UKX will rise and reverse at level 1.272 Fibonacci extension or level 7160.80. From the price action, the market has reached a high of 7116.64.

UKX – 2 Hour Chart

4-hour Chart Indicators Reading
FTSE 100 is above the 78% range of the daily stochastic. It indicates that the market is in bullish momentum. The 21-day and 50-day SMAs are sloping upward. UKX price is above the moving averages which indicate a possible rise of the index.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) is rising. UKX price is likely to rise on the upside. Presently, FTSE 100 is trading at level 7116.64. Further upward move is doubtful as the index reaches the overbought region of the market.


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FTSE 100 (UKX) Is in an Uptrend, Faces Rejection at Level 7200

FTSE 100 (UKX) Is in an Uptrend, Faces Rejection at Level 7200

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Bullish
UKX index is in an upward move. FTSE 100 has risen to level 7200 but it is retracing for a further upward move. The index will resume an uptrend as price finds support above the 21-day SMA. Meanwhile, on April 19 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the index will rise to 1,618 Fibonacci extensions or level 7308.35.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX has risen to level 61 of the Relative Strength Index. It indicates that the market is in the uptrend zone and above the centerline 50. The index has room to rally on the upside. The 21-day and 50-day SMAs are sloping upward indicating the trend.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE is in an upward move. The index reached the high of level 7200 and was resisted. UKX retraced to the support above the 21-day SMA. The index will rise as long as the price bars are above the moving averages.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
FTSE 100 is below the 80% range of the daily stochastic. It indicates that the market is in bearish momentum. The 21-day and 50-day SMAs are sloping upward. UKX price is above the moving averages which indicate a possible rise of the index.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) is in an upward move. UKX price is above the moving averages which shows a possible rise of the FTSE 100. The Fibonacci tool has indicated a further rise to level 1.618 Fibonacci extension or level 7308.35.


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FTSE 100 (UKX) Is in a Range-Bound Move, Unable to Sustain above Level 7120

FTSE 100 (UKX) Is in a Range-Bound Move, Unable to Sustain above Level 7120

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Bullish
UKX index is in an upward move as it reached the high of level 7088.19. The index has been trading consistently above the moving averages. This has made it continue to rise on the upside. Meanwhile, on April 19 uptrend, retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the index will rise to 1,618 Fibonacci extension or level 7308.35.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX has risen to level 57 of the Relative Strength Index. It indicates that the market is in the uptrend zone and above the centerline 50. The 21-day and 50-day SMAs are sloping upward indicating the trend.

FTSE 100 (UKX) Medium-term Trend: Ranging
On the 4 hour chart, FTSE is in a sideways trend below level 7120. The index is in a choppy price action. Each upward move is being repelled at level 7120.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
FTSE 100 is above the 50% range of the daily stochastic. It indicates that the market is in a sideways move. The 21-day and 50-day SMAs are sloping upward. UKX price is above the moving averages.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) has continued to be in an upward move. The index is trading marginally below the resistance at level 7120. The price action is characterized by indecisive candlesticks called Doji and Spinning tops.


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FTSE 100 (UKX) Is in a Sideways Move, Battles Resistance at Level 7120

FTSE 100 (UKX) Is in a Sideways Move, Battles Resistance at Level 7120

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Bullish
UKX index is in an upward move. The index price bars are above the moving averages which indicate a rise in the index. Presently, the index is facing resistance at level 7100. On May 4 uptrend, retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the index will rise to 2.0 Fibonacci extension or level 7339.11.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX has risen to level 55 of the Relative Strength Index. It indicates that the market is in the uptrend zone and above the centerline 50. The 21-day and 50-day SMAs are sloping upward indicating the trend.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE is in an uptrend. The index is in a choppy price action. The index price is in a sideways move below the resistance at level 7120. Each upward move is being repelled at level 7120.

UKX – 4 Hour CHart

4-hour Chart Indicators Reading
FTSE 100 is below the 40% range of the daily stochastic. It indicates that the market is in a sideways move. The 21-day and 50-day SMAs are sloping upward. UKX price is above the moving averages.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) has continued to be in an upward move. The uptrend is facing resistance at level 7120. The index will rise to level 7330 if the current resistance is breached


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FTSE 100 (UKX) Is in a Minor Retracement, Further Upside Momentum Likely

FTSE 100 (UKX) Is in a Minor Retracement, Further Upside Momentum Likely

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Bullish
UKX index is in a downward move. On May 7, the index reached its peak price of level 7143.50 and was resisted. UKX dropped to level 6912 and resumed consolidation above level 6900. UKX is fluctuating above the 21-day SMA for a possible upward move.

UKX – Daily Chart

Daily Chart Indicators Reading:
FTSE 100 has risen to level 54 of the Relative Strength Index. It indicates that the market is in the uptrend zone and above the centerline 50. The 21-day and 50-day SMAs are sloping upward indicating the trend.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE has resumed upward over after recent retracement. Meanwhile, on May 25, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement level indicates that the market will rise to level 1.618 Fibonacci extension or level 7150.40.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
FTSE 100 is below the 80% range of the daily stochastic. It indicates that the market is in a bearish momentum. The 21-day and 50-day SMAs are sloping upward. UKX price is above the moving averages, suggesting an upward movement of prices.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) has resumed its upward move. According to the Fibonacci tool, the market will rise to level 1.618 Fibonacci extension or level 7150.40

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.